Standard Motor Products, Inc. (NYSE:SMP - Get Free Report) VP Ray Nicholas sold 1,263 shares of the stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $44.17, for a total value of $55,786.71. Following the completion of the transaction, the vice president directly owned 35,166 shares in the company, valued at approximately $1,553,282.22. This trade represents a 3.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Standard Motor Products Trading Down 0.7%
Shares of NYSE SMP opened at $44.00 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.81 and a debt-to-equity ratio of 0.56. The business has a fifty day simple moving average of $39.04 and a two-hundred day simple moving average of $38.84. The firm has a market cap of $982.96 million, a PE ratio of 14.43 and a beta of 0.80. Standard Motor Products, Inc. has a twelve month low of $34.27 and a twelve month high of $47.27.
Standard Motor Products (NYSE:SMP - Get Free Report) last issued its earnings results on Friday, October 30th. The auto parts company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.13. Standard Motor Products had a return on equity of 13.65% and a net margin of 3.77%. The business had revenue of $512.90 million during the quarter, compared to analysts' expectations of $514.99 million. Analysts expect that Standard Motor Products, Inc. will post 4.30 earnings per share for the current fiscal year.
Standard Motor Products Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, November 16th. Standard Motor Products's payout ratio is presently 43.28%.
Institutional Trading of Standard Motor Products
Several hedge funds and other institutional investors have recently bought and sold shares of SMP. Public Employees Retirement System of Ohio purchased a new position in shares of Standard Motor Products in the 2nd quarter valued at $35,000. Parallel Advisors LLC raised its position in shares of Standard Motor Products by 76.7% in the 1st quarter. Parallel Advisors LLC now owns 949 shares of the auto parts company's stock worth $33,000 after acquiring an additional 412 shares in the last quarter. Tompkins Financial Corp purchased a new stake in shares of Standard Motor Products during the 3rd quarter worth $37,000. Versant Capital Management Inc lifted its stake in shares of Standard Motor Products by 89.1% during the 3rd quarter. Versant Capital Management Inc now owns 1,159 shares of the auto parts company's stock worth $43,000 after purchasing an additional 546 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Standard Motor Products by 24.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,195 shares of the auto parts company's stock worth $81,000 after purchasing an additional 433 shares during the last quarter. Institutional investors own 81.26% of the company's stock.
Analyst Ratings Changes
Several research analysts have issued reports on the stock. Weiss Ratings reiterated a "buy (b-)" rating on shares of Standard Motor Products in a report on Monday, October 26th. Roth Capital restated a "buy" rating and issued a $54.00 price target on shares of Standard Motor Products in a report on Monday, November 2nd. Finally, Wall Street Zen upgraded shares of Standard Motor Products from a "hold" rating to a "buy" rating in a report on Sunday, August 16th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $54.00.
Read Our Latest Research Report on Standard Motor Products
About Standard Motor Products
(
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Standard Motor Products, Inc. (NYSE: SMP) designs, manufactures and distributes replacement parts for the automotive aftermarket, along with components for original equipment manufacturers. Founded in 1919, the company has a long history in the vehicle-parts industry. Its products include ignition, fuel, emissions, engine-management and temperature-control parts, as well as switches, sensors and related electrical components. The company sells products under brands including Standard and Blue Streak.
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